Gold World News Flash |
- Northwest Territorial Mint files for bankruptcy after losing defamation suit
- Zero Hedge: How two Janet Yellen phone calls saved the world
- Character Traits And Skills That Are Hard To Find During A Crisis
- Trump: "The Country Is Headed For A Massive Recession; It's A Terrible Time To Invest In Stocks"
- 5 Reasons You Should Vote For Donald Trump
- Europe to Crash First, then US: Immigration & Currency Crisis - John Rubino Interview
- Greek Prime Minister Sends Angry Letter To Christine Lagarde Over IMF Leak
- The Great Divide: The Death Of The Middle Class
- Why JPMorgan Believes Central Banks Can No Longer Save The Day
- Gerald Celente -- Yellen Speaks Gold Spikes
- Gold demand from central banks marched higher in turbulent 2015
- Gold And Silver – Qrtly, Monthly Charts. No Change In Trends
- Gold Stocks Correcting Through Time Not Price
- Don't many smart guys say that gold doesn't pay interest?
| Northwest Territorial Mint files for bankruptcy after losing defamation suit Posted: 02 Apr 2016 08:10 PM PDT West Coast Mint Files for Bankruptcy after Losing Defamation Suit By Katy Stech Northwest Territorial Mint LLC put its coin-and-medallion-making operations into bankruptcy on Friday, facing a demand to pay part of a $38.3 million defamation award -- one of the country's largest Internet defamation verdicts -- to a Los Angeles businessman and his real-estate firm. Officials for the mint, located near Seattle, listed the judgment owed to Bradley S. Cohen and to Cohen Asset Management Inc. as a "disputed" debt in bankruptcy court documents. A lawyer for the company couldn't be reached to explain how the filing will affect its operations, which make coins and commemorative medallions for the U.S. military and other customers. The 200-worker company, based in the town of Federal Way south of Seattle, on its website calls itself the country's largest private mint with other minting facilities in Texas and Nevada and die-cutting and sculpting facility in Green Bay, Wis. Earlier this year a jury awarded Mr. Cohen and his company, the mint's former landlord, $38.3 million in his defamation suit against the mint and its owner, Ross Hansen. Northwest Territorial Mint is on the hook for $12.5 million of that amount. ... ... For the remainder of the report: http://www.wsj.com/articles/west-coast-mint-files-for-bankruptcy-after-l... ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Mines and Money Asia http://asia.minesandmoney.com/ Mining Investment Asia http://www.mininginvestmentasia.com/ Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Zero Hedge: How two Janet Yellen phone calls saved the world Posted: 02 Apr 2016 08:01 PM PDT 11a HKT Sunday, April 3, 2016 Dear Friend of GATA and Gold: Zero Hedge this weekend shows how telephone calls by Federal Reserve Chairwoman Janet Yellen to Bank of England Governor Mark Carney on February 11 and European Central Bank President Mario Draghi on February 12 coincided exactly with upward reversals in the U.S. stock market. Zero Hedge concludes: "Did we just get the closest glimpse of the global Plunge Protection Team communication by phone call? Only the National Security Agency knows." The Zero Hedge report is headlined "Exposed -- How Two Janet Yellen Phone Calls Saved the World" and it's posted here: http://www.zerohedge.com/news/2016-04-01/inside-janet-yellens-diary-stun... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy precious metals free of value-added tax throughout Europe Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries. Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world. Visit us at www.europesilverbullion.com. Join GATA here: Mines and Money Asia http://asia.minesandmoney.com/ Mining Investment Asia http://www.mininginvestmentasia.com/ Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Character Traits And Skills That Are Hard To Find During A Crisis Posted: 02 Apr 2016 07:01 PM PDT Submitted by Brandon Smith via Alt-Market.com,
I have never lived through a national scale crisis and like most people, I hope I never have to. That said, with the growing instability present in the state of the world today it would be rather foolish to assume that the near future holds nothing but fairy dust, unicorns and gumdrops. Preparation is a necessity. Many Americans cannot yet relate to the concept of full spectrum crisis, but most of us have at least experienced localized disasters. In order to understand what a national emergency might look like, one simply needs to examine the microcosm of localized disasters and then imagine the same exact problems but magnified 1,000 times. From my personal experience with local crises, I can say that the worst threat comes not from the event itself, but the ways in which people choose to deal with the event. That is to say, for smart, courageous and prepared people with the right traits and skills, there is no such thing as a crisis. For stupid people who overestimate their abilities or who let fear dominate their thinking, any crisis becomes an insurmountable moment of utter terror. The right people in the right place at the right time — no crisis. The wrong people in the right place at the right time — total destruction. Therefore, the key to surviving any crisis is to have the right people in place, and to be well away from the wrong people. The question is, who are the right people? How do we identify them? And, how do we examine ourselves and determine if we are ready or unready? Here are some of the increasingly rare character traits and skills that make a crisis manageable for any community. The Ability To Act Without Permission This is one of the hardest character qualities to find in people in a moment of crisis. Remember back to any crisis moments you have personally experienced and ask yourself how many people around you actually tried to solve the problem immediately, and how may stood around waiting for someone else to take the lead? During larger scale disasters this frequently manifests as widespread apathy. Thousands or even millions of people milling around for someone in “authority” to tell them what they should do rather than taking measures themselves. I am not a big believer in leadership by dictation. The moment you give one or very few people the power to dictate the actions of entire groups, your society is already doomed. However, I am a believer in leadership by example because I have seen it work. Unfortunately, people who have the ability to lead by example are few and far between. Without people of this quality within your community, it is unlikely you will survive. Decisiveness wins the day. The Ability To Teach When I mention the ability to teach, I am not referring to people who we designate officially as “teachers” or people who call themselves teachers. Most teachers do not actually know how to teach anything. I am thoroughly convinced that the ability to to teach, to transfer knowledge in a way that people can easily understand and replicate, is an inborn skill — a few people are gifted with it, most people are not. I have seen men and women with expert level knowledge in numerous fields of study who are bumbling buffoons when it comes to passing that knowledge on to others. This is because it is not enough to have mastered a skill set; you must also be able to read other people and figure out how they process information. You have to be highly intuitive to teach, and this is not something that can be learned, it is something that comes naturally. Finding great teachers during terrible times is the best way for a community to strengthen rather than weaken. It is also the only way that a society can rebuild after a collapse. The Ability To Think Outside Of The Box Crisis scenarios sometimes require imaginative solutions in order for the threat to be removed. Thinking outside of the box means a person is unafraid to gamble, and also unafraid to enact measures which have no precedence in history. Thinking outside of the box is not guaranteed to work, but it is a desirable trait when predictable responses are likely to fail. An outside-the-box thinker is a kind of inventor – he invents or engineers a mechanism that no one else could have conceived of because he does not see the crisis in front of him in linear terms; he does not see it as a situation he is trapped within. Rather, he sees the crisis as if outside the bubble looking from above. Many people have done this at least once in their lives; few people are able to do this on a regular basis. The Ability To Stay Calm It is truly amazing how few people are able to recognize they are in the midst of an emergency or disaster and remain calm and collected. Keep in mind, people who are apathetic during a crisis are not “remaining calm,” they simply are too ignorant to understand the gravity of the situation. Remaining calm requires you to see the danger and to act accordingly without panic. Vetting people for such a character trait is pretty easy; just watch how they respond to smaller stress events. Do they run and hide every time literally or psychologically, or do they stand their ground and work out the problem? Do they let their emotions take full control, or do they manage them? Reactionaries can make any crisis far worse by their mere presence. Get rid of them, or teach them how to manage stress if you can. The Ability To Direct Force Intelligently Sometimes a crisis is not a natural event but a man-made event, and the only way to stop the crisis is to eliminate the man or men responsible. This requires self-defense, and self-defense requires force. Sadly, when most people do direct force to stop an attack rather than cowering in fear they tend to do it haphazardly and without intelligent direction. They simply lash out in anger, and sometimes the wrong people get hurt in the process. This is kind of like using a shovel rather than a scalpel to scoop out a tumor. The ability to direct force intelligently requires not only a propensity for acting without permission, but also in some cases remaining patient. When action is taken, it must be done with precision and insight. Finding a person who appreciates this methodology is like finding a four leaf clover nowadays. The Ability To Psychologically Process Carnage Disasters are usually messy and horrifying affairs leading to grisly and macabre scenes. The key is to be able to process the sight of such carnage without being mentally broken by it, while also maintaining one’s humanity. I call these people “quiet professionals.” People who think that dealing with the pain and death of others requires you to act like a robot have missed the point entirely and are not safe and functional people to have present in a crisis. Instead, it is vital that we continue to hold onto our empathy, but not let it disrupt our ability to take action to help those who are suffering. Anyone who simply shuts off all emotion is likely a sociopath, and while sociopaths do have a knack for functioning well in grisly jobs they also have a knack for putting other people at risk. Sociopaths are incapable of caring about others, while quiet professionals take responsibility for others despite the ugliness of the situation. The Ability To Self-Sacrifice This is not a quality that can be easily seen in other people. Situations that actually call for self-sacrifice usually occur only in the worst of times, and it is nearly impossible to know for certain how anyone, including ourselves, will act when that time comes. To be clear, self-sacrifice by itself is not a noble quality. There are people out there that long for martyrdom, but they do so in the name of personal glory rather than in the name of saving others. Not only should self-sacrifice be enacted only when it is certain to save lives and no other options are available, it should also only be enacted without selfish aspirations of promoting one’s own legacy. Such an attitude invariably leads to disaster rather than redemption. The Ability To Recognize When Others Are More Qualified To Accomplish A Task It is vital that people have the ability to take initiative during a crisis and get things done. But, it is also vital for people to recognize when the person next to them is better qualified for a specific task. “Leadership” — good leadership — is about deferring responsibilities in a practical way. If you cannot do this then you are not a leader, you are an annoyance or an obstacle. I have seen far too many people in leadership positions sabotage their own efforts by refusing to hand over responsibility to those better suited to certain tasks. If you are a motivator, but not a teacher, then motivate your best teachers to teach rather than trying to take charge of both tasks and failing miserably. If you are not skilled in a particular area, then don’t try to micromanage people who are. Finding people who are “doers” is a fantastic thing, as long as they can refrain from overstepping their realm of ability and stepping on the toes of others. The worst possible scenario I can imagine is to have a community in which leadership is not shared according to expertise to some extent. Identify micro-managers and mini-tyrants early, or suffer the fate of a completely dysfunctional community in the face of unprecedented challenges. It is perhaps not coincidental that all of the above character qualities are growing rarer as our culture grows more and more unstable. The notion of preparedness for crisis revolves far too much around collecting supplies and menial skills and not enough around collecting people of excellent character. That is to say, true preparedness is about building up necessary supplies and talents, but it is also about organizing with uniquely qualified people. Ignoring the latter task is to set yourself up for inevitable failure. |
| Trump: "The Country Is Headed For A Massive Recession; It's A Terrible Time To Invest In Stocks" Posted: 02 Apr 2016 06:30 PM PDT Donald Trump continued to streamroll over all conventional narratives when during a massive 96-minute interview with the Washington Post on Thursday which was released today, in which he talked candidly about his aggressive style of campaigning and offered new details about what he would do as president, he said that economic conditions are so perilous that the country is headed for a "very massive recession" and that "it's a terrible time right now" to invest in the stock market, which, the traditionally cheerful WaPo said embraces "a distinctly gloomy view of the economy that counters mainstream economic forecasts." Unfortunately, his "gloomy view" is supported by such events as the record surge in gun violence and deadly shootings in Chicago, where the locals also do not ascribe to the WaPo's rosy take on events, and instead blame the economy and the lack of jobs for the ongoing social collapse in the windy city. In any case, Trump dismissed concern that his comments, which the WaPo said "are exceedingly unusual, if not unprecedented, for a major party front-runner", which is precisely Trump's style, "could potentially affect financial markets."
As the WaPo adds, "over the course of the discussion, the candidate made clear that he would govern in the same nontraditional way that he has campaigned, tossing aside decades of American policy and custom in favor of a new, Trumpian approach to the world." In his first 100 days, Trump said, he would cut taxes, "renegotiate trade deals and renegotiate military deals," including altering the U.S. role in the North Atlantic Treaty Organization. Below are some of the highlights of his bearish take on the economy via the WaPo. Trump has for months contended that the U.S. economy is in trouble because of what he sees as an overvalued stock market, but his view has grown more pessimistic of late and he is now bearish on investing, to the point of warning Americans against doing so. "I think we're sitting on an economic bubble. A financial bubble," Trump said. He made clear that he was not specifying a sector of the economy but the economy at large and asserted that more bullish forecasts were based on skewed employment numbers and an inflated stock market. "First of all, we're not at 5 percent unemployment. We're at a number that's probably into the twenties if you look at the real number," Trump said. "That was a number that was devised, statistically devised to make politicians — and, in particular, presidents — look good. And I wouldn't be getting the kind of massive crowds that I'm getting if the number was a real number." Trump said, "it's precarious times. Part of the reason it's precarious is because we are being ripped so badly by other countries. We are being ripped so badly by China. It just never ends. Nobody's ever going to stop it. And the reason they're not going to stop it is one of two. They're either living in a world of the make-believe, or they're totally controlled by their lobbyists and their special interests." "I'm pessimistic," Trump said. "Unless changes are made. Changes could be made." By Trump, for instance: "I can fix it. I can fix it pretty quickly." Trump firmly believes that a turnaround on trade would be the necessary beginning of a solution to any looming recession. He mentions the Trans-Pacific Partnership as one pact he would immediately seek to renegotiate, putting him at odds with congressional Republicans who supported giving the president fast-track trade authority last year. Coupled with his push on trade would be a "very big tax cut," which Trump unveiled last September. That proposal increases taxes on the "very rich" but reduces taxes for most taxpayers and would cut the corporate tax rate to 15 percent. To woo companies back to the United States, he would offer an incentive of a deeply discounted rate and would no longer allow corporations to defer taxes on income earned overseas. * * * The Washington Post was displeased by Trump's pessimistic view, which it said "runs counter to that of most economists, whose rough consensus is that the U.S. economy has about a 20 percent chance of slipping into recession this year largely because growth remains weak across the world, according to a Wall Street Journal survey of economists in March." Most economists aren't overly worried about an imminent downturn because job creation remains strong, workers are starting to see their wages grow and the Federal Reserve remains cautious about shifting away from the low-interest-rate stance that has helped stimulate the economy. Cheerful economists promptly chimed in to defend the economy:
Of course, whether Trump is right or not with his warning about the economy and the market, only time will tell, although as we reported in mid-January, Trump is certainly hoping for a market crash. The reason is that historically, the market performance in the three months leading up to a Presidential Election has displayed an uncanny ability to forecast who will win the White House… the incumbent party or the challenger. Since 1928, there have been 22 Presidential Elections. In 14 of them, the S&P 500 climbed during the three months preceding election day. The incumbent President or party won in 12 of those 14 instances. However, in 7 of the 8 elections where the S&P 500 fell over that three month period, the incumbent party lost.
In other words, if Trump wants to win he would certainly benefit from a major drop in the S&P in the all important September to November period. That is, assuming he gets the nomination. * * * Of note also was Trump's insistence that he would be able to get rid of the nation's more than $19 trillion national debt "over a period of eight years." This is how he says he would do it: "I'm renegotiating all of our deals, the big trade deals that we're doing so badly on. With China, $505 billion this year in trade." He said that economic growth he foresees as a consequence of renegotiated deals would enable the United States to pay down the debt. But Trump's most interesting comment had nothing to do with economics - it was his admission that everyone close to him — family, friends, Republican leaders — have been urging him to tone down his attacks and reach out to former rivals, both to reassure wary voters and to begin the difficult process of unifying a party in which many have sworn to never back him. Trump does not intend to take the advice. He said such overtures are "overrated." "I think the first thing I have to do is win," he said. "Winning solves a lot of problems. And I have two people left": his two remaining Republican rivals, Sen. Ted Cruz of Texas and Ohio Gov. John Kasich. Bob Woodward summarizes his take of the Trump interview |
| 5 Reasons You Should Vote For Donald Trump Posted: 02 Apr 2016 06:19 PM PDT (LANGUAGE WARNING:) If you're a Donald Trump supporter like Gavin McInnes, it can be hard dealing with anti-Trump fanatics. He presents great talking points for your next argument! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Europe to Crash First, then US: Immigration & Currency Crisis - John Rubino Interview Posted: 02 Apr 2016 05:35 PM PDT DollarCollapse.com is managed by John Rubino, co-author, with GoldMoney's James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), How to Profit from the Coming Real Estate Bust (Rodale,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Greek Prime Minister Sends Angry Letter To Christine Lagarde Over IMF Leak Posted: 02 Apr 2016 04:59 PM PDT Today's Wikileaks disclosure, in which two IMF officials hinted that the IMF may use a "credit event as a means to pressurize(sic) Greece" as it has been subsequently put by Greek officials, has elicited another round of widespread anger in Athens and could jeopardize the upcoming Greek debt negotiations. The anger has been made more acute because Greece previously accused Poul Thomsen, one of the IMF staffers caught on the leak, of effectively sabotaging talks in the past when the IMF refused to compromise on Greek pension cuts after the government proposed alternatives with an equivalent fiscal impact. As such, hoping to ride on the latest wave of populist anger, it was only a matter of time before the country's prime minister Alexis Tsipras officially responded to the IMF. His letter to the head of the IMF is below:
A snapshot of the letter:
While we expect that this latest scandal will quickly be forgotten, what we find most paradoxical about the situation is that the Greek ire is focused on the one entity that, while hardly innocent as per Lagarde's previous comments, is actually is pushing for a Greek debt reduction over the refusal of European, and especially German, institutions. Granted, we also understand the Greek ire: being used as guniea pigs by the IMF in its policy battle with other NGOs is hardly pleasing and if anything, is a reflection of the Greek recent collapse into quasi-vassal status and ongoing ward of the ECB. Recall that Greece still has capital controls as its banking system is completely insolvent, and that this leverage Europe has over the country and the money of its savers will not change for a long time.
|
| The Great Divide: The Death Of The Middle Class Posted: 02 Apr 2016 04:50 PM PDT Submitted by Jeff Nielson via SprottMoney.com, Several months ago, a chart produced by one of the Big Banks was presented to readers . It was supposed to be innocuous data on global wealth distribution, but instead portrayed a horrifying picture.
The focal point of the aforementioned article was that when it came to “the world’s poorest people,” the Corrupt West has now produced a greater percentage of severe poverty in its own populations than in India, and an equal percentage of such poverty as exists in Africa. Stacked beside this, we see that when it comes to the richest-of-the-rich, the Corrupt West remains in a league of its own. Supposedly, we are living in “the New Normal,” where life is supposed to get increasingly harder and harder. So why does the New Normal never affect those on top? Of course all of these extremely poor people being manufactured by our governments (as these regimes give away our jobs, destroy wages, and eviscerate our social programs) have to come from somewhere. Certainly they don’t come from the Wealthy Class. Indeed, the chart above provides us with a crystal-clear view of where all these poor and very-poor people are coming from: the near-extinct Middle Class. In order to manufacture hundreds of millions of impoverished citizens in our nations, the Old World Order has had to engage in a campaign to end the Middle Class. We are conditioned to consider economic “classes” within our own societies, but with the chart above, we’re given a global perspective. Where does the Middle Class exist today, globally? At the upper end, it exists in China, and to a lesser extent, in Latin America and other Asian nations. At the lower end of the Middle Class, we see such populations growing in India and even Africa. Only in the West, and especially North America, is the Middle Class clearly an endangered species. Two incredibly important aspects of this subject are necessary to cover: 1) How and why has the One Bank chosen to perpetrate Middle Class genocide? 2) What are the consequences of the Death of the Middle Class? Attempting to catalogue the nearly infinite number of ways in which the oligarchs of the One Bank have perpetrated their Middle Class genocide is impractical. Instead, discussion will be limited to the five most important programs responsible for the Death of the Middle Class: three of them relatively new, and two of them old. a) Globalization b) Union decimation/wage destruction c) Small business decimation d) Money-printing/inflation e) Income taxation Globalization was rammed down our throats in the name of “free trade,” the Holy Grail of charlatan economists . But, as previously explained, real free trade is a world of “comparative advantage” where all nations play by a fair-and-equal set of rules. Without those conditions, “free trade” can never exist. The globalization that has been imposed upon us is, instead, a world of “competitive devaluation,” a corrupt, perpetual, suicidal race to the bottom. The oligarchs understood this, given that they are the perpetrators. The charlatan economists were too blinded by their own dogma to understand this. And, as always, the puppet politicians simply do what they are told. Next on the list: union decimation and wage destruction are inseparable subjects, virtually the flipside of the same coin. “But wait,” shout the right-wing ideologues, “unions are corrupt, everyone knows that.” Really? Corrupt compared to whom? Are they “corrupt” standing next to the bankers, who have stolen all our wealth ? Are they “corrupt” standing next to their Masters, the oligarchs who are hoarding all our stolen wealth ? Are they “corrupt” standing next to our politicians, who betrayed their own people to facilitate this economic pillaging? No, compared to any of those groups, unions (back when they still existed) were relative choir-boys. When it comes to corruption, nobody plays the game as well as those on top. Compared to the Fat Cats, everyone else are rank amateurs. When unions were strong and plentiful, everyone had jobs. Almost everyone earned a livable wage (or better). Gee, weren’t those terrible times! Look how much better off we are now, without all those “corrupt unions.” The other major new component in the deliberate, systemic slaughter of the Middle Class was and continues to be Small Business decimation. “Small business is the principal job-creator in every economy.” Any politician who ever got elected can tell you that. If this is so, why do our corrupt governments funnel endless trillions of dollars of Corporate Welfare (our money) into the coffers of Big Business, while complaining there is nothing left to support Small Business? Why do our governments stack the deck in all of our regulations and bureaucracies, greasing the wheels for Big Business and strangling Small Business in their red tape? Why do our governments refuse to enforce our anti-trust laws? One of the primary reasons for not allowing the corporations of Big Business to grow to an illegal size is because these monopolies and oligopolies make “competition” (meaning Small Business) impossible. One might as well try to start a small business on the Moon. Then we have the oligarchs’ “old tricks” for stealing from the masses (and fattening themselves): banking and taxation. Of course, to the oligarchs, “banking” means stealing, and you steal by printing money. As many readers are already aware, “inflation” is money-printing – the increase (or inflation) of the supply of money. In the absence of the gold standard, there is no way to protect savings [i.e. wealth] from confiscation through inflation . - Alan Greenspan (1966 version ) Remove the Golden Handcuffs , as central banker Paul Volcker bragged of doing in 1971, and then it’s just print-and-steal – until the whole fiat currency Ponzi scheme implodes. Then of course we have income taxation: 100 years of systemic thievery. No matter what the form or structure, by its very nature every system of income taxation will: i) Provide a free ride to those at the very, very top ii) Be revenue-neutral to the remainder of the wealthy iii) Relentlessly steal out of the pockets of everyone else (via over-taxation) This is nothing more than a matter of applying simple arithmetic. However, many refuse to educate themselves on how they are being robbed in this manner, year after year, so no more will be said on the subject. These were the primary prongs of the oligarchs’ campaign to exterminate the Middle Class. As always, skeptical readers will be asking “why?” The answer is most easily summarized via The Bankers’ Manifesto of 1892 . This document was presented to the U.S. Congress in 1907 by Republican congressman, and career prosecutor, Charles Lindbergh Sr. It reads, in part: The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible. When through the process of law, the common people have lost their homes they will be more tractable and easily governed through the influence of the strong arm of government applied to a central power of imperial wealth under the control of the leading financiers [the oligarchs]. People without homes won’t quarrel with their leaders. We have “the strong arm of government.” The oligarchs saw to that by bringing us their “War on Terror.” When it comes to throwing people out of their homes, and creating a population of serfs, that’s a two-part process. Step 1 is to manufacture artificial housing bubbles across the Western world, and then crash those bubbles. However, this is only partially effective in turning Homeowners into Homeless. To truly succeed at this requires Step 2: exterminating the Middle Class. A Middle Class can survive a collapsing housing bubble, assuming they remained reasonably prudent. The Working Poor cannot. Finally, after more than a century of scheming, the oligarchs have all of their pieces in place. In the U.S., they’ve even already built many gulags – to warehouse these former Middle Class homeowners – since a large percentage of those people are armed. This brings us to one, final point: the consequences of the Death of the Middle Class. What happens when you destroy the foundation of a house? Just look.
As readers have been told on many previous occasions, the “velocity of money” is effectively the heartbeat of an economy. It is another way of representing the economics principle known as the Marginal Propensity to Consume, probably the most important principle of economics forgotten by charlatan economists. The principle is a simple one, since it is half basic arithmetic and half common sense. Unfortunately, these are both skills beyond the grasp of charlatan economists. If you take all of the money out of the pockets of the People, and you stuff it all into the vaults of the Wealthy (where it sits in idle hoards), then there is no “capital” for our capitalist economies – and these economies starve to death . What is the response of the oligarchs to the relentless hollowing-out of our economies? They have ordered the puppet politicians to impose Austerity: taking even more money out of the pockets of the people. It is the equivalent to someone with anorexia going to a doctor, and the doctor imposing a severe diet on the patient (i.e. victim). The patient will not survive. The Middle Class is dying. Unlike the oligarchs’ Big Banks, we are not “too big to fail.” Our jobs are gone. Our unions are gone. Our Middle Class wages are gone. Very soon, our homes will be gone. But don’t worry! It’s just the New Normal. |
| Why JPMorgan Believes Central Banks Can No Longer Save The Day Posted: 02 Apr 2016 03:28 PM PDT In recent weeks, JPMorgan has turned decidedly sour on the US equity market: one month ago, on March 3, JPM announced that "for the first time this cycle", it has gone underweight stocks.
To be sure, the continued bounce since the JPM call has not been exactly reassuring of the forecast's accuracy. However, what is surprising is that when faced with unpalatable price action, sellside researchers usually flip their call quickly. Not in this case, because in a surprisingly candid piece released overnight, JPM's Jan Loeys doubles down, and after asking rhetorically "Can central banks really save the day, or cycle?", his answer is no. In fact, after saying now is the time to sell stocks, JPM's head of global asset allocation is now even far more concerned about the over economy where his biggest concern is that central banks are powerless to stop the "collapsing productivity growth." Loeys begins as follows:
And here is why JPM's explanation why central banks are now powerless to stop the ongoing global contraction:
This is something we noted last night when we noted the increasing prevalence of warnings about an upcoming US stagflation. It is also what is most troubling to JPM.
* * * But perhaps most amusing was the following Freudian slip in the JPM piece:
Then why bring it up... and if you don't, who does? |
| Gerald Celente -- Yellen Speaks Gold Spikes Posted: 02 Apr 2016 09:25 AM PDT Gerald Celente - Trends In The News - "TRENDS MONTHLY: Yellen Speaks Gold Spikes" - (3/30/16) "The latest Trends Monthly is released, Robert Pavlik chief market strategist at Boston Private Wealth said "I think people are chasing the market; it's not based on fundamentals" & "children in... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Gold demand from central banks marched higher in turbulent 2015 Posted: 02 Apr 2016 08:09 AM PDT By Emiko Terazono Heightened geopolitical tension and a push for diversification in reserve assets led to central banks' net purchases of gold reaching 483 tonnes in 2015, the second highest annual total since the end of the gold standard. Russia was the top buyer of gold for the fourth consecutive year, raising its ownership by 206 tonnes as it looks to diversify away from the US dollar due to tensions with the West, according to the latest report from Thomson Reuters GFMS, the gold consultancy. China, whose currency will be added to the IMF's reserve currency basket this year, announced the first increase in gold holdings since 2009 in the middle of the year, buying 104 tonnes in the second half of the year to 1,742 tonnes. ... ... For the remainder of the report: http://www.ft.com/intl/cms/s/0/68d0b646-f72c-11e5-803c-d27c7117d132.html ADVERTISEMENT Silver mining stock report comes with 1-ounce silver round Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit: Join GATA here: Mines and Money Asia http://asia.minesandmoney.com/ Mining Investment Asia http://www.mininginvestmentasia.com/ Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Gold And Silver – Qrtly, Monthly Charts. No Change In Trends Posted: 02 Apr 2016 05:56 AM PDT “Nothing ever changes on Wall Street. Speculation is as old as the hills. What has happened before in the markets will happen again.” Jesse Livermore Despite taking his life at the Sherry Netherland Hotel in 1940, at the age of 63, [he considered himself a failure], Livermore is revered by many as the consummate trader. We often comment on the importance of rules, and our adherence to rules does not come from Livermore, but he always attributed his losses to the times when he failed to follow his rules. |
| Gold Stocks Correcting Through Time Not Price Posted: 02 Apr 2016 05:27 AM PDT Gold Stocks enjoyed a fabulous, near vertical rebound into March yet were in extreme overbought territory. We and many others called for a correction. In recent weeks those other voices have worried excessively about the alleged bearish construction of the CoT. Although Gold and Silver have essentially consolidated with a little weakness, the gold stocks have continued to hold above even initial support. Over the past month they have corrected through time rather than price. The longer gold stocks hold above initial support, the greater the chance they are building a bullish flag consolidation. |
| Don't many smart guys say that gold doesn't pay interest? Posted: 02 Apr 2016 03:29 AM PDT Then why does India's gold paperization scheme increasingly look like another gold-leasing operation? * * * India Allows Gold Repayments to Make Scheme Attractive for Temples By Sankalp Phartiyal India on Friday tweaked its gold monetisation scheme to allow repayments in gold for medium- and long-term deposits, making the plan more attractive for temples that are sitting on thousands of tonnes of the metal. The Sri Venkateswara Swamy Temple or Tirupati, the world's richest Hindu temple whose participation is crucial to the success of mobilising India's idle gold, had requested repayment of deposits held for more than three years in the yellow metal. The government will charge a fee of 0.2 percent on the value of gold redemptions but the interest will be paid in cash, the country's central bank said in a statement. Depositors will still have the option of redeeming deposits in cash. ... ... For the remainder of the report: http://www.reuters.com/article/india-gold-idUSL3N1744GO ADVERTISEMENT USAGold: Coins and bullion since 1973 USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business. Please call 1-800-869-5115x100 and ask for the trading desk, or visit: USAGold: Great prices, quick delivery -- all the time. Join GATA here: Mines and Money Asia http://asia.minesandmoney.com/ Mining Investment Asia http://www.mininginvestmentasia.com/ Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| You are subscribed to email updates from Save Your ASSets First. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment